Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Job loss/customer dissatisfaction if ANZ buys NBNZ

Job losses and customer dissatisfaction if ANZ buys NBNZ, says union

"Job losses and more customer dissatisfaction would almost certainly follow a take-over of the National Bank by the ANZ," said Andrew Casidy, General Secretary of the bank workers' union, Finsec.

"The Commerce Commission is not set up to put up barriers to such a merger on social grounds. We believe it is up to the government to ensure that the downstream effects of a takeover like this don't hurt staff and customers.

"Finance workers are currently being surveyed on work/life balance issues. Our members are returning a strong message that the industry is understaffed, undertrained and stressful.

"Our experience does not suggest that the new bank would put staff and customers before short-term profit gains.

"Each major merger in the past - NAB/BNZ, ANZ and Post Bank, Westpac and Trust Bank - has resulted in hundreds of jobs lost.

"A further reduction in the number of big banks would have negative effects on staff and an obvious flow-on effect for customers.

"We already know that over 30% of most banks' customer's are dissatisfied with the service they are getting. This number will only grow unless government intervenes to regulate the behaviour of big banks," Andrew Casidy concluded.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news